Three quarters of the apartments put up for sale at this week's Ray White City Apartments auction sold under the hammer

This leasehold apartment in the Hudson Brown building sold for $225,000.

Ray White City Apartments sold six out of eight under the hammer at this week’s apartment auction, with two units passed in.

The properties that sold ranged from a two bedroom apartment in the Metropolis tower that sold for $680,000 to a leasehold apartment in the Hudson Brown building near Vector Arena, which sold for $225,000.

That would have been an “ouch” moment for the vendor of the Hudson Brown apartment, who according to QV.co.nz had paid $469,000 for the property in 2005 before the bottom dropped out of the leasehold market.

See below for the full results of this week’s auction:

  • 1506/96 Symonds St. 96 on Symonds building. A 41 square metre, two bedroom unit. Vacant. Sold for $322,500. Rates were $1273 and the body corporate levy $4118. According to QV.co.nz the unit had been purchased for $268,000 in May 2014. The agent was Victor Liu.
  •  2A/9 Victoria St East. Lister building. A 40 square metre, one bedroom, furnished unit in a character building. Vacant. Sold for $350,000. Rates were $1300 and the body corporate levy $3472. According to QV.co.nz the unit had been purchased for $178,250 in March 2014. The agent was Gillian Gibson.
  • 3012/1 Courthouse Lane. Metropolis building. A 64 square metre, two bedroom furnished unit. Vacant. Sold for $680,000. Rates were $1927 and the body corporate levy $8370. According to QV.co.nz the unit had been purchased for $465,000 in November 2013.The agents were Damian Piggin and Daniel Horrobin.
  • 101/20 Upper Queen St. Park Terrace building. A 26 square metre studio with a car park and balcony. Vacant. Sold for $240,000. Rates were $940 and the body corporate levy $1911. According to QV.co.nz the unit had been purchased for $106,000 in 2008. The agent was Krister Samuel.
  • 313/57 Mahuhu Cres. Hudson Brown building. a 65 square metre, two bedroom unit with a car park. Rented at $550 a week. Leasehold. Sold for $225,000. Rates were $1434 and the body corporate levy $9401 including ground rent. According to QV.co.nz the unit was purchased for $469,000 in 2005. The agent was James Mairs.
  • 1319/10 Waterloo Quadrant. The Quadrant Hotel building. A 22 square metre furnished studio under management contract until April next year. Passed in with a highest bid of $240,000. According to QV.co.nz the unit had been purchased for $160,000 in 2006. The agents were May Ma and Mark Li.
  • 3D/8 Howe St. Highgate Towers. A 102 square metre, two bedroom unit with large balcony and two car parks. Rented at $600 a week. When the auctioneer called for an opening bid there was no response so he opened with a vendor bid of $700,000, but when there were no further bids the property was passed in. The agent was James Mairs. 
  • 314/184 Symonds St. Citta building. A 65 square metre, two bedroom, two bathroom unit with car park. Vacant. Sold for $565,000. Rates were $1598 and the body corporate levy $4298. According to QV.co.nz the unit had been purchased for $425,000 in October 2013. The agent was Keisha Gutierrez.